**Charity number: 1150859 Company number: 7992682**
**Personal Bridge**
**(A company limited by guarantee)**
**Trustees' report and financial statements**
**for the year ended 31 March 2021**
## **Personal Bridge (A company limited by guarantee)**
|**Contents**|**Page**|
|---|---|
|
Legal and administrative information|1|
|Trustees' report|2-3|
|Independent examiners' report|4|
|Statement of financial activities|5|
|Balance sheet|6-7|
|Notes to the financial statements|8-12|
## **Personal Bridge (A company limited by guarantee)**
## **Legal and administrative information**
|**Charity number**|1150859|
|---|---|
|**Company registration number**|7992682|
|**Business address**|22 Springdale Crescent|
||Bradford|
||West Yorkshire|
||BD10 9QR|
|**Registered office**|22 Springdale Crescent|
||Bradford|
||West Yorkshire|
||BD10 9QR|
|**Trustees**|Wayne Richard Duncan|
||Lynne Duncan|
||Anthony John Moreton|
||Gordan Chell – Resigned 6 September 2020|
||Susan Chell – Resigned 6 September 2020|
||Jeremy Fennings – Appointed 15 March 2021|
|**Secretary**|Lynne D Duncan|
|**Accountants**|Bohorun & Co Ltd T/a Bohoruns|
||6 Howley Park Business Village|
||Pullan Way|
||Leeds|
||LS27 0BZ|
|**Bankers**|Yorkshire Bank|
||1 Penny Hill Centre|
||Church Street|
||Leeds|
||LS10 2AP|
**Page 1**
## **Personal Bridge (A company limited by guarantee)**
## **Report of the trustees (incorporating the directors' report) for the year ended 31 March 2021**
The trustees present their report and the financial statements for the year ended 31 March 2021. The trustees, who are also directors of Personal Bridge for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
## **Structure, governance and management**
Personal Bridge was established on 15 March 2012. Personal bridge is a charitable company incorporated on 15 March 2012, with company registration number 7992682 and a charity registration 1150859.
## _Risk Management_
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at the current levels will provide sufficient recourses in the invent of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have systems in place to mitigate the significant risks.
## **Objectives and activities**
The aims and objectives of the charity are to support individuals in the United Kingdom, trapped in drugs and alcohol addiction, achieve freedom from their habits, and to work towards re-entry back into local community and restored relationships were possible. As well as to promote a transfer of character, by the introduction of a more positive way of thinking, and developing positive mental & physical work ethic, through various working opportunities. We also encourage and help develop practical life skills to enable individuals to make good, healthy decisions.
## **Achievements and performance**
Our achievements have made significant differences to the lives of many individuals.
## **Financial review**
The attached financial statements show the current state of finances, which the trustees consider to be sound, especially in light of the nature of our charity activities.
**Page 2**
## **Personal Bridge (A company limited by guarantee)**
## **Report of the trustees (incorporating the directors' report) for the year ended 31 March 2021**
## **Statement of trustees' responsibilities**
The trustees (who are also directors of Personal Bridge for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures
- disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small company provisions**
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
On behalf of the board
Lynne Duncan
## **Secretary**
**Page 3**
## **Personal Bridge (A company limited by guarantee)**
## **Independent examiner's report to the trustees on the unaudited financial statements of Personal Bridge.**
I report on the accounts of Personal Bridge for the year ended 31 March 2021 set out on pages to 12.
## **Respective responsibilities of trustees and independent examiner**
The charity's trustees (who are also the directors of the company for purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act), as amended by section 28 of the Charities Act 2006 and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, as amended; to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, as amended; and to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (i) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep proper accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of
- section 396 of the Companies Act 2006 and with the methods and principles of the Statement of
- Recommended Practice: Accounting and Reporting by Charities
- have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
## **D P Bohorun FCCA FCMI**
## **Independent examiner**
BOHORUNS 6 Howley Park Business Village Pullan Way Leeds LS27 0BZ
**Page 4**
## **Personal Bridge (A company limited by guarantee)**
## **Statement of financial activities (incorporating the income and expenditure account)**
## **For the year ended 31 March 2021**
|**Unrestricted**
**funds**
**Notes**
**£**
**Incoming resources**
Incoming resources from generating funds:
Investment income
2
4,474
Incoming resources from charitable activities
3
46,413
Other incoming resources 4
34,131
_______
**Total incoming resources**
85,018
_______
**Resources expended**
Costs of generating funds:
Cost of generating voluntary income
5
58,120
Governance costs
6
1,220
_______
**Total resources expended**
59,340
_______
**Net incoming resources for the year /**
**Net income for the year**
25,678
Total funds brought forward
317,010
_______
**Total funds carried forward**
342,688
_______|**2021**
**Total**
**£**
4,474
46,413
34,131
_______
85,018
_______
58,120
1,220
_______
59,340
_______
25,678
317,010
_______
342,688
_______|**2020**
**Total**
**£**
3,413
81,149
60,000
_______
144,562
_______
88,025
1,747
_______
89,772
_______
54,790
262,220
_______
317,010
_______|
|---|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
**The notes on pages 8 to 12 form an integral part of these financial statements.**
**Page 5**
## **Personal Bridge (A company limited by guarantee)**
## **Balance sheet**
## **as at 31 March 2021**
|**Notes**
**Fixed assets**
Tangible assets
10
**Current assets**
Stocks
Cash at bank and in hand
Prepayments & Accrued Income 11
**Creditors: amounts falling**
**due within one year**
12
**Net current assets**
**Net assets**
**Funds**
13
Unrestricted income funds
**Total funds**|**2021**
**£**
**£**
172,942
-
169,973
453
_______
170,426
(680)
_______
169,746
_______
342,688
_______
342,688
_______
342,688
_______|**2020**
**£**
**£**
85,423
2,000
170,287
60,000
_______
232,287
(700)
_______
231,587
_______
317,010
_______
317,010
_______
317,010
_______|
|---|---|---|
The Balance Sheet continues on the following page.
**The notes on pages 8 to 12 form an integral part of these financial statements.**
**Page 6**
## **Personal Bridge (A company limited by guarantee)**
## **Balance sheet (continued)**
## **Trustees statements required by the Companies Act 2006 for the year ended 31 March 2021**
In approving these financial statements as trustees of the company we hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 March 2021.
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the board on 11[th] March 2022 and signed on its behalf by
## **Lynne Duncan Director**
**The notes on pages 8 to 12 form an integral part of these financial statements.**
**Page 7**
## **Personal Bridge (A company limited by guarantee)**
## **Notes to financial statements**
## **for the year ended 31 March 2021**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 2006.
## **1.2. Cashflow**
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
## **1.3. Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
## **1.4. Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **1.5. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance Fixtures, fittings and equipment - 25% reducing balance Motor vehicles - 25% straight line
## **1.6. Stock**
Stock is valued at the lower of cost and net realisable value.
**Page 8**
## **Personal Bridge (A company limited by guarantee)**
## **Notes to financial statements for the year ended 31 March 2021**
|**2. Investment income**
**Unrestricted**
**funds**
**£**
Bank interest receivable
205
Other investment income
4,269
_______
4,474
_______
**3. Incoming resources from charitable activities**
**Unrestricted**
**funds**
**£**
Voluntary income generated
32,778
Donations
13,635
_______
46,413
_______
**4. Other incoming resources**
**Unrestricted**
**funds**
**£**
Covid Grants & JRS Claims
34,131
_______
34,131
_______
**5. Cost of generating voluntary income**
**Unrestricted**
**funds**
**£**
Training & social inclusion
58,120
_______
58,120
_______|**2021**
**Total**
**£**
205
4,269
_______
4,474
_______
**2021**
**Total**
**£**
32,778
13,635
_______
46,413
_______
**2021**
**Total**
**£**
34,131
_______
34,131
_______
**2021**
**Total**
**£**
58,120
_______
58,120
_______|**2020**
**Total**
**£**
1,480
1,933
_______
3,413
_______
**2020**
**Total**
**£**
79,634
1,515
_______
81,149
_______
**2020**
**Total**
**£**
60,000
_______
60,000
_______
**2020**
**Total**
**£**
88,025
_______
88,025
_______|
|---|---|---|
**Page 9**
## **Personal Bridge (A company limited by guarantee)**
## **Notes to financial statements**
## **for the year ended 31 March 2021**
## **6. Governance costs**
|**Unrestricted**
**funds**
**£**
Accountancy fees
680
Bookkeeping
480
Legal fees
60
Subscriptions
-
Staff Entertaining
-
_______
1,220
_______
**7. Net (outgoing)/incoming resources for the year**
Net (outgoing)/incoming resources is stated after charging:
Depreciation and other amounts written off tangible fixed assets
|
__|**2021**
**Total**
**£**
680
480
60
-
-
_____
1,220
_____
**2021**
**£**
2,475
_______|**2020**
**Total**
**£**
680
288
487
26
266
_______
1,747
_______
**2020**
**£**
3,299
_____|
|---|---|---|---|
||__|||
||
__|||
|**8.**
**Employees**
**Employment costs**
Wages and salaries|**2021**
**£**
11,494
_______
11,494
_______|**2020**
**£**
32,064
_______|
|---|---|---|
|||32,064
_______|
No employee received emoluments of more than £60,000 (2019: None).
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
|Employees|**2021**
**Number**
3
_______|**2020**
**Number**
4
_______|
|---|---|---|
**Page 10**
**Personal Bridge (A company limited by guarantee)**
## **Notes to financial statements for the year ended 31 March 2021**
## **9. Taxation**
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
|**Land and**
**Fixtures,**
**10.**
**Tangible fixed assets**
**buildings**
**Plant and fittings and**
**freehold machinery equipment**
**£**
**£**
**£**
**Cost**
At 1 April 2020
75,524
336
3,802
Additions
89,994
-
-
_______
_______
_______
At 31 March 2021
165,518
336
3,802
_______
_______
_______
**Depreciation**
At 1 April 2020
-
290
3,546
Charge for the year
-
12
64
_______
_______
_______
At 31 March 2021
-
302
3,610
_______
_______
_______
**Net book values**
At 31 March 2021
165,518
34
192
_______
_______
_______
At 31 March 2020
75,524
46
256
_______
_______
_______
**11.**
**Debtors**
Prepayments and accrued income
**12.**
**Creditors: amounts falling due within one year**
Other taxes and social security
Accruals and deferred income|
_|
|**Motor**
**vehicles**
**£**
19,576
-
_______
19,576
_______
9,979
2,399
_______
12,378
_______
7,198
_______
9,597
_______
**2021**
453
**2021**
**£**
-
680
______
680
______
|**Total**
**£**
99,238
89,994
_______
189,232
_______
13,815
2,475
_______
16,290
_______
172,942
_______
85,423
_______
**2020**
60,000|
|---|---|---|---|---|
|||
||
**2020**
**£**
20
680
_______
700
_______|
||_||||
**Page 11**
## **Personal Bridge (A company limited by guarantee)**
## **Notes to financial statements for the year ended 31 March 2021**
## **13. Analysis of net assets between funds**
|**Analysis of net assets between funds**||
|---|---|
|**Unrestricted**
**Funds**
**£**
Fund balances at 31 March 2021 as represented by:
Tangible fixed assets
172,942
Current assets
170,426
Current liabilities
(680)
_______
342,688
_______|**Total**
**funds**
**£**
172,942
170,542
(796)
_______|
||342,688
_______|
|
**14.**
**Unrestricted funds**
General Funds|**At**
**At**
**1 April**
**Incoming**
**Outgoing**
**31 March**
**2020**
**resources**
**resources**
**2021**
**£**
**£**
**£**
**£**
317,010
85,018
(59,340)
342,688
_______
_______
_______
_______|
|---|---|
## **15. Company limited by guarantee**
Personal Bridge is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
**Page 12**